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Paramount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to the situation. The layoffs will eventually amount to 2,000 roles, the person said.

"When we launched the new Paramount in August, we made clear that building a strong, future-focused company would require significant change – including restructuring the organization," CEO David Ellison told employees in a memo on Wednesday morning. "As part of that process, we must also reduce the size of our workforce, and we recognize these actions affect our most important asset: our people."

The merger between Paramount and Skydance closed in August, weeks after receiving

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